Chainlink Surges Past $10 Following Sergey Nazarov's White House Speech
Chainlink's price has reached $10.6 for the first time since May after its co-founder Sergey Nazarov's speech at the White House.
Nazarov spoke alongside US President Donald Trump, discussing stablecoin adoption and tokenization agenda. He highlighted Chainlink's role in supporting these initiatives and expanding global access to US equities.
The LINK price has rallied by 19% in the last seven days and is now overbought according to technical indicators.
However, some whales have anticipated a potential retracement for the LINK price, which could be triggered by liquidity rotation. This would depend on market sentiment remaining elevated.